Umpqua Bank Purchases 308 Shares of ASML Holding (NASDAQ:ASML)

Umpqua Bank increased its position in ASML Holding (NASDAQ:ASML) by 105.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 601 shares of the semiconductor company’s stock after purchasing an additional 308 shares during the quarter. Umpqua Bank’s holdings in ASML were worth $615,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. American Capital Advisory LLC acquired a new stake in shares of ASML in the first quarter valued at approximately $26,000. WD Rutherford LLC bought a new stake in shares of ASML during the 1st quarter worth about $29,000. Triad Wealth Partners LLC acquired a new position in ASML in the 2nd quarter valued at about $31,000. First Community Trust NA bought a new position in ASML in the 2nd quarter valued at about $34,000. Finally, POM Investment Strategies LLC acquired a new stake in ASML during the second quarter worth approximately $36,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday. Wells Fargo & Company upped their target price on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. JPMorgan Chase & Co. raised their price target on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Susquehanna upped their price objective on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research report on Thursday, July 11th. Finally, Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,147.80.

ASML Trading Down 5.4 %

ASML opened at $752.79 on Friday. The company has a market cap of $297.04 billion, a P/E ratio of 38.45, a PEG ratio of 1.91 and a beta of 1.49. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average is $925.80 and its 200-day moving average is $950.80. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,110.09.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The company’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the business posted $5.37 earnings per share. Equities research analysts predict that ASML Holding will post 20.3 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were issued a $1.8732 dividend. This represents a $7.49 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Monday, July 29th. This is a boost from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio is presently 28.50%.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.